What kind of credit do you have. 

I'm asking this because what's appropriate for one type of project is inappropriate for another kind of project.

Visit all properties in person and get them professionally inspected.

@Darryl Hill what kind of investing are you interested in?

What kind of property should I buy as my first step?

Before I got married I was such a gypsy I would have never wanted to have been tied down that long.We've got 100K in credit available, and aside from flooring (No payments until 2020 kind of deals) I'd really rather not charge all the reno.

My house is really clear and nice, my friends and family members are nice too when they visit me in my house.

BP has all the "legal" forms you need Im kind of a systems nerd, so DM me or if you can come tuesday, grab me and I'll tell you how it works.

What would be most helpful for me would be to get into the numbers...and to hear what kind of returns (on equity...but maybe also ROA) would be considered 'decent', 'mediocre', or 'great' at this type of scale..

That may help depending on the seller.As for the deal itself, I kind of agree with @Jeff Kehl.